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Former ECB vice-president says the hiking cycle will end in July

Former ECB vice president Vitor Constancio says that falling inflation means that the final rate hikes from the Federal Reserve and ECB will be in July."Inflation came down again in the Euro Area and the US. HICP in EA was 5.5% (6.1% in May) and the US PCE was 3.8%. I expect the FED and the ECB to end hiking in July. The EA in particular is showing growing signs of weakness pointing to a recession," he tweeted.The former deputy to Mario Draghi noted the rapid decline in the Citi economic surpris... Read More

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Posted: Jun 30 2023, 14:07

Author Name: forexlive

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